Nasdaq 100 Outpaces Dow Jones as Reflation Trade is Put on Pause

High-growth technology stocks listed on the Nasdaq 100 look to be back in the driver’s seat as the popular reflation trade loses steam and drags the Dow Jones lower.

from DailyFX - Market News https://ift.tt/3vTsGh7
via IFTTT

Bank of England Preview: How Will the Pound (GBP) React?

BoE to maintain policy settings, while risks lean towards a more hawkish statement.

from DailyFX - Market News https://ift.tt/3j5ckz4
via IFTTT

EUR/USD Rate Rebound Pulls RSI Out of Oversold Territory

EUR/USD may stage a larger rebound over the remainder of the week as the RSI bounces back from oversold territory to indicate a textbook buy signal.

from DailyFX - Market News https://ift.tt/2UwZ1xl
via IFTTT

Manufacturing Activity Surges to a Record High, but Services PMI Cools, US Dollar Retreats

June Manufacturing activity jumps to a record high of 62.6 from 62.1 in May whileServices PMI slows down to 64.8 from 70.4 in the previous month.

from DailyFX - Market News https://ift.tt/2T1VHtv
via IFTTT

Euro Technical Analysis: EUR/CHF, EUR/NOK, EUR/SEK Rates Outlook

What do the non-major EUR-crosses tell us about market sentiment?

from DailyFX - Market News https://ift.tt/3zSEvra
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD to Benefit from UK PMIs

GBP/USD continues to edge higher ahead of Thursday’s announcement by the Bank of England’s monetary policy committee and could touch 1.40 after broadly positive UK PMI data.

from DailyFX - Market News https://ift.tt/2SVIuSY
via IFTTT

S&P 500 Forecast: U.S. Tech Stocks Gain as Powell Appeases Markets

This week has been positive for the S&P 500 and U.S. equities in general with additional stimulus coming from Fed speakers downplaying inflationary pressure and easing hype around last weeks hawkis...

from DailyFX - Market News https://ift.tt/3d8odRf
via IFTTT

Australian Dollar Price Outlook: AUD/USD Attempts Recovery Above 0.7555

AUD/USD attempts to hold gains above 0.7555 as momentum consolidates

from DailyFX - Market News https://ift.tt/2SljeoZ
via IFTTT

Gold Price Outlook - Tepid Recovery Off Important Support Remains Under Pressure

Gold bounced off an important support level at the end of last week but the pull-back remains unconvincing

from DailyFX - Market News https://ift.tt/2SOzIGB
via IFTTT

Euro Latest: EUR/USD Upside Faces Tough Resistance, PMIs Mixed

Hurdles remain for EUR/USD. Euro Area PMIs unlikely to alter the outlook for EUR/USD.

from DailyFX - Market News https://ift.tt/3wUd3aG
via IFTTT

Crude Oil Prices Climb as OPEC+ Plans August Output Hikes, Stockpiles Fall

Crude oil prices traded higher on recovery optimism as OPEC+ planned to further lift production cuts in August to meet rising fuel demand. API reported a larger-than-expected fall in crude inventor...

from DailyFX - Market News https://ift.tt/3d5bY7W
via IFTTT

Natural Gas Forecast: Prices Rise as US Heat Wave Drives Demand Narrative

Natural gas prices have recaptured a key trendline after a major heatwave sent energy demand in the United States soaring.

from DailyFX - Market News https://ift.tt/3gTiTSU
via IFTTT

Dow Jones May Lead Nikkei 225 Higher as Tapering Fears Ease

Wall Street stocks welcomed Fed Chair Jerome Powell’s dovish speech and closed higher. The Nasdaq 100 hit an all-time high. Asia-Pacific markets may follow a positive lead. The US Dollar retreated.

from DailyFX - Market News https://ift.tt/3zQu07t
via IFTTT

Australian Dollar Forecast: Flash PMIs Ease With RBA Talks in Focus

The Australian Dollar's rebound may have gained another tailwind after a positive flash PMI report from IHS Markit, although the readings eased from May. RBA Assistant Governor Ellis will speak today.

from DailyFX - Market News https://ift.tt/35LNFrG
via IFTTT

US Dollar Outlook: DXY Slides During Powell's Fed Testimony

The DXY Index hits session lows as the US Dollar slips broadly with Fed Chair Powell vowing to not preemptively raise interest rates at his congressional testimony.

from DailyFX - Market News https://ift.tt/3hbUYyf
via IFTTT

Bitcoin (BTC/USD) Breaches, Reclaims $30k in a Wild Day for Crypto

Bitcoin (BTC/USD) prices plummeted through 30k for the first time since January, but bulls reacted in a big way as BTC has went green on the day.

from DailyFX - Market News https://ift.tt/3gYMpGE
via IFTTT

Stock Market Forecast: Amazon's Prime Day is Making Retailer History

Amazon is making history with its Prime Day event that has seen company sales surpass totals tallied on Black Friday and Cyber Monday combined. Can Amazon reel in massive profits again this year?

from DailyFX - Market News https://ift.tt/3xGB1Ge
via IFTTT

Gold Price Forecast: Is XAU/USD at Risk of Further Losses?

Gold suffered a cataclysmic breakdown last week following the June FOMC meeting and has been unable to arrest the decline. With key support broken and Dollar strength on the horizon, gold could suf...

from DailyFX - Market News https://ift.tt/3wPwIsc
via IFTTT

The Most Volatile Currency Pairs and How to Trade Them

Find out what currency pairs may show the most volatility, and how you can tailor your strategy to capitalize on market volatility.

from DailyFX - Market News https://ift.tt/3uauqT1
via IFTTT

US Dollar Technical Analysis: USD Grasps for Higher-Low Support

The US Dollar put in an aggressive spike last week. And so far this week, that strength has largely remained. Powell is on deck, ahead of a chorus of Fed speakers this week.

from DailyFX - Market News https://ift.tt/3d5Hd2D
via IFTTT